Case Law Analysis
|Income Tax Appellate Tribunal
Section 197(b) IDS 2016 | Non-Payment of Tax Voids Amnesty, Income Taxable in Declaration Year : ITAT Delhi
ITAT Delhi holds that failure to pay tax under the Income Declaration Scheme 2016 within the stipulated time renders the declaration invalid, making the disclosed income taxable in the year of declaration rather than the original assessment year. This ruling underscores the strict compliance requirement for availing amnesty benefits under the scheme.